Plenti Group (ASX:PLT) Accounts Receivable : A$0.1 Mil (As of Mar. 2024)

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What is Plenti Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Plenti Group's accounts receivables for the quarter that ended in Mar. 2024 was A$0.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Plenti Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Plenti Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was A$-11.93.

Plenti Group Accounts Receivable Historical Data

The historical data trend for Plenti Group's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Plenti Group Accounts Receivable Chart

Plenti Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

0.71

0.06

0.13

0.09

0.11

Plenti Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			0.13	0.08	0.09	0.15	0.11

Plenti Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Plenti Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Plenti Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.111	/	111.225	*	91
=	0.18

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Plenti Group's accounts receivable are only considered to be worth 75% of book value:

Plenti Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(148.866	+	0.75 * 0.111	+	0.5 * 0	-	2232.282
-	0	-	0)	/	174.628
=	-11.93

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Plenti Group Accounts Receivable Related Terms

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Plenti Group (ASX:PLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Plenti Group Ltd (ASX:PLT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Martin Place, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.plenti.com.au

Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, major events, medical expenses, and other purposes.

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